Clearbridge buys $78,849,563 stake in Alexion Pharmaceuticals (ALXN)

Alexion Pharmaceuticals (ALXN) : Clearbridge scooped up 216,185 additional shares in Alexion Pharmaceuticals during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 590,899 shares of Alexion Pharmaceuticals which is valued at $78,849,563.Alexion Pharmaceuticals makes up approximately 1.48% of Clearbridge’s portfolio.

Other Hedge Funds, Including , Sabby Management sold out all of its stake in ALXN during the most recent quarter. The investment firm sold 27,856 shares of ALXN which is valued $3,717,105.Alliancebernstein boosted its stake in ALXN in the latest quarter, The investment management firm added 336,527 additional shares and now holds a total of 2,469,760 shares of Alexion Pharmaceuticals which is valued at $329,564,774. Alexion Pharmaceuticals makes up approx 0.27% of Alliancebernstein’s portfolio.Blackrock Japan Ltd boosted its stake in ALXN in the latest quarter, The investment management firm added 2,673 additional shares and now holds a total of 285,868 shares of Alexion Pharmaceuticals which is valued at $38,146,226. Alexion Pharmaceuticals makes up approx 0.13% of Blackrock Japan Ltd’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in ALXN in the latest quarter, The investment management firm added 84,485 additional shares and now holds a total of 5,686,354 shares of Alexion Pharmaceuticals which is valued at $758,787,078. Alexion Pharmaceuticals makes up approx 0.12% of Blackrock Institutional Trust Company N.a.’s portfolio.Columbus Circle Investors reduced its stake in ALXN by selling 485,571 shares or 80.58% in the most recent quarter. The Hedge Fund company now holds 117,038 shares of ALXN which is valued at $16,111,451. Alexion Pharmaceuticals makes up approx 0.15% of Columbus Circle Investors’s portfolio.

Alexion Pharmaceuticals closed down -0.76 points or -0.60% at $125.09 with 915,624 shares getting traded on Wednesday. Post opening the session at $125.6, the shares hit an intraday low of $124.41 and an intraday high of $127.235 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Alexion Pharmaceuticals reported $1.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.17. The company had revenue of $753.10 million for the quarter, compared to analysts expectations of $743.05 million. The company’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Alexion Pharmaceuticals. Shares were Reiterated by Stifel on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 182 from a previous price target of $195 .Shares were Reiterated by Barclays on Jul 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 150 from a previous price target of $165 .RBC Capital Mkts Initiated Alexion Pharmaceuticals on Jul 13, 2016 to “Outperform”, Price Target of the shares are set at $188.

Alexion Pharmaceuticals Inc. is a biopharmaceutical company. The Company is focused on the development and commercialization of life-transforming therapeutic products. As of June 23 2015 the Company had eight product candidates in clinical trials for 11 indications. The Company’s product pipeline includes complement inhibitor portfolio metabolic rare disease portfolio and preclinical candidates. Its complement inhibitor portfolio includes Soliris ALXN1007 ALXN1210 and ALXN5500. Its metabolic rare disease portfolio includes Strensiq Kanuma ALXN1101 and SBC-103. The Company’s preclinical candidates include mRNA Therapies SBC-105 and other complement inhibitors. Its Soliris is approved for the treatment of patients with paroxysmal nocturnal hemoglobinuria (PNH) and atypical hemolytic uremic syndrome (aHUS) two life-threatening ultra-rare disorders.

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